Vedanta announced David Reed as the chief executive officer of its global semiconductor business. He will be responsible for setting up a semiconductor fab unit and semiconductor assembling and testing unit. He was previously associated with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations.

He moved to NXP as part of the merger with Freescale Semiconductor, where he had served as senior vice president for manufacturing operations. Previously, David was vice president and general manager at GlobalFoundries.